Individual Life Insurance is a type of insurance policy that provides financial protection to your beneficiaries in the event of your death. It ensures that your loved ones receive a payout, known as the death benefit, which can help cover expenses such as funeral costs, debts, and living expenses. There are different types of Individual Life Insurance, including term life insurance, which lasts for a specific period, and whole life insurance, which provides coverage for your entire life. Choosing the right policy depends on your financial goals and the needs of your family.